Financial Stability Oversight CouncilThe Hill RSS feedhttp://thehill.com/
Capitol Hill Publishing Corp., a subsidiary of News Communications, Inc.Dodd: Sen. Crapo&#039;s bank reform bill has one fatal flawhttp://thehill.com/opinion/finance/378211-dodd-sen-crapos-bank-reform-bill-has-one-fatal-flaw
A decade ago, the United States financial services sector was brought to its knees with breathtaking speed threatening global collapse. This week, the Senate is considering a set of modifications to the reforms enacted in the wake of the worst...tweatherhead@thehill.com (Former Sen. Chris Dodd (D-Conn.), opinion contributor )378211 at http://thehill.comWed, 14 Mar 2018 08:45:06 -0400Financial Stability Oversight CouncilDems rip Trump&#039;s Fed pick as Senate panel mulls three key nomineeshttp://thehill.com/policy/finance/370288-dems-rip-trumps-fed-choice-as-senate-panel-mulls-three-key-nominees
The Senate Banking Committee on Tuesday grilled three of President Trump’s major financial regulatory nominees, all of which are expected to be confirmed by the full chamber.The Banking panel hosted Trump’s nominees for chairman of the Federal...slane@thehill.com (Sylvan Lane)370288 at http://thehill.comTue, 23 Jan 2018 13:11:36 -0500Financial Stability Oversight CouncilMnuchin says financial regulators will probe impact of cryptocurrencieshttp://thehill.com/policy/finance/368692-mnuchin-says-group-of-financial-regulators-will-probe-cryptocurrencies
Treasury Secretary Steven Mnuchin said Friday that an interagency group of regulators is reviewing the impact of cryptocurrencies like bitcoin on the United States financial system.Mnuchin, during an interview at the Economic Club of Washington,...slane@thehill.com (Sylvan Lane)368692 at http://thehill.comFri, 12 Jan 2018 10:02:06 -0500Financial Stability Oversight CouncilTrump moves to fill Fed, financial regulatory vacancies with two nominationshttp://thehill.com/policy/finance/362532-trump-moves-to-fill-fed-financial-regulatory-vacancies-with-two-nominations
President Trump on Wednesday made nominations for two key economic policy positions, seeking to fill piling vacancies at the Federal Reserve and reshape the Financial Stability Oversight Council (FSOC).Trump nominated Carnegie Mellon University...slane@thehill.com (Sylvan Lane)362532 at http://thehill.comThu, 30 Nov 2017 09:51:52 -0500Financial Stability Oversight CouncilTreasury calls on regulators to focus on risky financial practices, not firmshttp://thehill.com/policy/finance/360924-treasury-calls-on-regulators-to-focus-on-risky-financial-practices-not-firms
The Treasury Department said Friday that regulators should move away from a controversial framework established by the Dodd-Frank Act to police financial sector risk.Treasury called on the Financial Stability Oversight Council (FSOC) to avoid...slane@thehill.com (Sylvan Lane)360924 at http://thehill.comFri, 17 Nov 2017 13:57:43 -0500Financial Stability Oversight CouncilTreasury calls for looser federal oversight of insurance companieshttp://thehill.com/policy/finance/357440-treasury-calls-for-looser-federal-oversight-of-insurance-companies
The Treasury Department on Thursday called for fundamental changes to the way federal agencies regulate insurance companies under the Dodd-Frank Act financial rules.In a report released Thursday night, the department said regulators should move...slane@thehill.com (Sylvan Lane)357440 at http://thehill.comThu, 26 Oct 2017 19:39:39 -0400Financial Stability Oversight CouncilVolcker Rule a regulatory beast in need of taming http://thehill.com/blogs/pundits-blog/finance/345505-time-to-revisit-unwieldy-opaque-volcker-rule
Over the past few months, there has been a steady drumbeat of calls from regulators and legislators to change the Volcker Rule, the prohibition on bank risk-taking adopted as part of the Dodd-Frank Act in 2010.The essential strictures of the Volcker...tweatherhead@thehill.com (Douglas Landy and James Kong, opinion contributors )345505 at http://thehill.comSun, 06 Aug 2017 14:00:03 -0400Financial Stability Oversight CouncilTreasury finally releases reform plan, but Senate snafu awaitshttp://thehill.com/blogs/pundits-blog/finance/337624-treasury-finally-releases-reform-plan-but-senate-tangle-awaits
Monday afternoon, the Treasury Department released its long-awaited proposals to reform the regulation of depository institutions, i.e., banks and credit unions. As the report notes, subsequent Treasury reports will address regulatory reform...Bert@ely-co.com (Bert Ely)337624 at http://thehill.comTue, 13 Jun 2017 16:20:02 -0400Financial Stability Oversight CouncilFinancial oversight board&#039;s review process cloaked in mystery http://thehill.com/blogs/pundits-blog/finance/326483-financial-oversight-boards-review-process-cloaked-in-mystery
Since Babylonian times and King Hammurabi’s code of laws, two basic legal principles have guided lawmakers: (1) when you read a law, you should know what is required to obey the law; and, (2) a citizen accused of a crime should have the opportunity...tweatherhead@thehill.com (Paul Kupiec, opinion contributor )326483 at http://thehill.comThu, 30 Mar 2017 11:00:03 -0400Financial Stability Oversight CouncilBanking regulatory relief will come through this Washington councilhttp://thehill.com/blogs/pundits-blog/finance/320023-banking-regulatory-relief-will-come-through-this-washington
With financial regulations in the political crosshairs, there is much discussion about the possibility of a repeal or overhaul of the Dodd-Frank Act. The reality is Congress and the Trump administration are likely to focus on a tailored approach...atan@thehill.com (Peter Dugas, opinion contributor)320023 at http://thehill.comThu, 16 Feb 2017 20:00:02 -0500Financial Stability Oversight CouncilFederal financial agency should get axe in Dodd-Frank overhaul http://thehill.com/blogs/pundits-blog/finance/319213-dodd-frank-reform-should-start-with-fsoc-repeal
As the Trump administration undertakes a review of Dodd-Frank, the 2010 financial reform law arising from the 2008 financial crisis, I nominate for repeal the parts of the statute that created the Financial Stability Oversight Council (FSOC).Dodd-...tweatherhead@thehill.com (Norm Champ, opinion contributor )319213 at http://thehill.comMon, 13 Feb 2017 14:00:02 -0500Financial Stability Oversight CouncilMnuchin must keep FSOC intact to prevent future financial calamities http://thehill.com/blogs/pundits-blog/finance/315017-mnuchin-must-keep-fsoc-intact-to-prevent-financial-calamities
In the financial crisis of 2008, America’s regulators, policymakers and elected officials were repeatedly shocked to learn about one failing systemically significant financial institution after another. Due to this lack of knowledge and warning...tweatherhead@thehill.com (Dennis Kelleher, opinion contributor)315017 at http://thehill.comThu, 19 Jan 2017 08:40:02 -0500Financial Stability Oversight CouncilDodd and Frank: Judge was wrong in Dodd-Frank rulinghttp://thehill.com/policy/finance/284673-dodd-and-frank-judge-was-wrong-in-dodd-frank-ruling
The primary authors of the Dodd-Frank financial reform law have joined a court fight over one of its central powers.A group of 20 current and former lawmakers, all Democrats, filed an amicus brief Thursday arguing a judge missed the mark ruling...pschroeder@thehill.com (Peter Schroeder)284673 at http://thehill.comThu, 23 Jun 2016 15:19:12 -0400Financial Stability Oversight CouncilGovernment to appeal MetLife decisionhttp://thehill.com/policy/finance/275492-lew-judges-metlife-decision-is-wrong
The federal government plans to appeal a recent court ruling that barred the use of a significant new financial regulatory power.A Treasury spokesperson announced late Thursday the government will appeal a judge's ruling that stated the government...pschroeder@thehill.com (Peter Schroeder)275492 at http://thehill.comThu, 07 Apr 2016 13:16:58 -0400Financial Stability Oversight CouncilGE Capital applies to lose &#039;SIFI&#039; designationhttp://thehill.com/policy/finance/274766-ge-capital-applies-to-lose-sifi-designation
General Electric (GE) is formally asking the government to remove heightened regulations from its investment arm, arguing it has shrunk operations enough so that it no longer poses a threat to the financial system.In a first, the corporation...pschroeder@thehill.com (Peter Schroeder)274766 at http://thehill.comThu, 31 Mar 2016 07:58:57 -0400Financial Stability Oversight CouncilMetLife wins court case challenging &#039;too big to fail&#039; labelhttp://thehill.com/policy/finance/274674-metlife-wins-court-case-challenging-too-big-to-fail-label
Insurance company MetLife has won its legal battle against the federal government over its “too big to fail” label.A federal judge Wednesday ruled that the insurance company does not qualify as a “systemically important financial institution” (SIFI...pschroeder@thehill.com (Peter Schroeder)274674 at http://thehill.comWed, 30 Mar 2016 11:15:21 -0400Financial Stability Oversight Council